Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Advantages and Disadvantages of for Sale by Owner

By Jim Soun Subscribe to RSS | June 8th 2012 | Views:

One of the most important decisions homeowners can make is how they could sell their properties, which may include their house. There are many ways in buying and selling properties in the real estate industry. One, the seller can make an ala carte contract with a flat fee broker. Second, the seller can have his property for sale posted in a real estate listing. Third, the seller can have his property posted on a list on mls. And finally, some sellers opt to sell their properties on their own. Their transactions are called for sale by owner.

A for sale by owner (FSBO) transaction, which is usually pronounced as “fis-bo” is another term used in the real estate industry where the sellers have their properties sold exclusive of any help from a flat fee broker or real estate agent. In this practice, more often than not, the seller is being guided by a lawyer throughout the whole process of the sale.

An advantage to this method is the avoidance of paying commissions to a flat fee broker which makes it one of the major reasons why most homeowners opt to go for the for sale by owner method. The seller can save thousands of dollars and he can sell the property faster. Another advantage is that the seller has all the time to focus on looking for buyers and have all the options on where to post an ad, when to schedule an open house. The seller has all the time and he can set his own schedule!

This option doesn’t only have advantages, it also has downsides too. Disadvantages include a situation where the seller decides to have his property posted on a real estate listing or have it included in a list on mls, and if there is a buyer who has a deal with a broker and wants that property, chances are the broker will ask the owner to pay him/her a percentage which will serve as a finder’s fee for introducing the buyer. Another would be if the seller opts to deal with a broker and have it posted on a real estate listing or even have it included on a list on mls; chances are the property will not be top priority for brokers have other clients too.

Nothing’s wrong in taking risks on how the owner decides to sell his properties. It is still better to weigh options first and then decide on which is best.

Jim Soun - About Author:
Jim Soun is a shrewd consumer who writes about personal finance and real estate topics like: for sale by owner, list on mls, real estate listing, flat fee broker.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Real Estate Articles Subscribe to RSS

Economic real estate deals and estate agents
Published by Glyn Jones on December 3rd 2011 | Real Estate
The online estate agents turn out to be an economic alternative with reality dealings but they being...
Factors influencing the investment in residential real estate
Published by Deepti on April 17th 2012 | Real Estate
Investment in residential real estate and getting good returns is a task that requires a lot of hard...
Real estate agent is helpful to find suitable property to invest
Published by Glyn Jones on January 13th 2012 | Real Estate
The estate agents can be very much helpful in finding the right kind of property or investing in the...
Port Washington NY Real estate is a boom for investors
Published by on July 14th 2012 | Real Estate
Investors whether they are small or big, always looks for an opportunity and many of they are contin...
How can you become a successful real estate investor
Published by Deepti on April 17th 2012 | Real Estate
Real estate investment is an important financial decision which an individual makes. In order to be ...
Cape Coral real estate has no comparison
Published by Anne Mary on January 11th 2012 | Real Estate
Cape Coral stands comparison with any other city within the state of Florida. They might all have th...
Real estate investment at Riggsbee Farm
Published by Steve Elloy on January 17th 2012 | Real Estate
The bankrupt economy of Greece and the clueless future of the EU have taken the international market...
Get authentic and reliable real estate renting company
Published by Abhay Singh on January 7th 2012 | Real Estate
Rapid industrialization and urbanization is paving the way for more and more demand for flats and ot...
Looking for an estate agent
Published by Glyn Jones on May 10th 2012 | Real Estate
Is it advisable to work with several agents, probably not. Agents know if you are working with more ...
Consult an expert only to ensure best real estate investments
Published by Jennytoedt on April 17th 2012 | Real Estate
Escalating estate prices have given good returns to its customers, provided the property has been ch...
The real winners of Euro 2012: Poland and Ukraine
Published by Bettina Azaria on June 20th 2012 | Finance
There were expectations that England will come out as victorious were on an all time low, but whatev...
Real-estate, Business
Published by Dolly on January 13th 2012 | Real Estate
Our moto has always been to 'put customers first!', that is to treat them our customers with the mea...
How KORAMANGALA became very new real estate destination in Bangalore
Published by Prop Tiger on June 9th 2012 | Real Estate
At time localites used to call Koramangala 'Sollemangala'. It had been a village and was thought-abo...
Acquire your dream home with the help of real estate agents
Published by Deepti on May 3rd 2012 | Real Estate
If you are planning to buy a house, there are lots of things which need to be considered and planned...
Shaky real estate off Andheri
Published by Prop Tiger on July 16th 2012 | Real Estate
Maharashtra Chamber of Housing Industry, shaped in 1982, is that the most distinguished and also the...
How to locate an estate agent
Published by Glyn Jones on December 31st 2011 | Real Estate
When you are to invest in the realty sector, there is need of estate agents. The estate agents can h...
Online estate agents to sell your property
Published by Matthew Watson on April 29th 2012 | Real Estate
Using an online estate agency will allow property owners to perform the majority of the sales proces...
Tips on how to make money on real estate foreclosures
Published by Shaz Memon on December 26th 2011 | Finance
Making money on real estate foreclosures is indeed a good idea. Get cheaper ones and earn good money...
Real estate listing with Discount realtor
Published by Jim Shoun on May 3rd 2012 | Real Estate
How much do you understand the advantages of real estate listing as For Sale By Owner? Well, list of...